Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable Current maturities of serial bonds payable Serial bonds payable, 10% Common stock, $1 par value Paid-in capital in excess of par $528,000 310,000 1,250,000 60,000 570,000 1,980,000 $128,000 310,000 1,560,000 60,000 580,000 Retained earnings 1,580,000 The income before income tax was $358,800 and $314,000 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Current year Previous year b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Previous year c. The ratio of liabilities to stockholders' equity has results are the combined result of a previous year. and the times interest earned ratio has from the previous year. These income before income taxes and interest expense in the current year compared to the